Spain Wealth Tax by Region: Madrid, Andalusia, Catalonia and Valencia

Start with Spanish tax residence and whether ordinary treatment or a valid Article 93 election applies.

Then establish the autonomous community and taxable assets after the correct valuation, debts and exemptions.

Only then apply the rate schedule and rebates.

On a small screen, swipe the table sideways to see every column.

The allowance figures come from AEAT — regional wealth-tax allowances, official 2025 manual.

A main-home exemption, eligible debts and other relief can change the result.

Do not automatically subtract the same allowance from every asset category or every non-resident scenario.

Household example: a couple comparing Barcelona and Valencia

Illustrative composite: a couple reports EUR 2.4 million of gross assets and EUR 400,000 of debt.

Some assets belong to one spouse, some are jointly owned, and part of the total is a retirement arrangement abroad.

One spouse may qualify for Article 93; the other has a different work history.

They do not divide a generic online EUR 2 million tax example by two.

Their adviser lists each owner, tests the pension treatment, connects debts to the relevant assets and prepares separate taxpayer calculations.

The useful result may be that one asset classification matters more than the city difference.

They retain the supporting valuations, ask about next year’s ordinary treatment and choose a city they will genuinely live in.

A mailing address cannot substitute for the residence facts.

Traps to avoid

• Recycling old allowances: attach a year to every figure, especially Valencia.
• Choosing a region on paper: community residence is governed by legal factual tests; obtain advice where homes or work span regions.
• Ignoring filing despite relief: the official manual includes a gross-assets filing trigger above EUR 2 million even where no payment is due; apply the complete rules to your situation. AEAT — who must file a wealth-tax return, 2025.
• Treating debt as unlimited relief: document ownership, purpose and deductibility.
• Missing crypto or private-company valuation: ask for the relevant year-end method rather than inserting today’s balance.
• Double-counting relief: regional exemptions, limits, rebates and tax credits belong in the correct sequence.

Keep wealth-tax reporting separate from other foreign-asset information returns. A return that reports a holding is not necessarily the return that calculates its tax.

Why Madrid and Andalusia are not a simple zero

Madrid’s official 2025 guidance describes a transitional rebate while solidarity tax remains in force, replacing the ordinary blanket rebate for that period.

• The calculation depends on the wealth-tax amount and the corresponding solidarity calculation after the relevant limits. AEAT — Madrid transitional wealth-tax rebate, 2025.

Andalusia also has transitional rules interacting with solidarity tax. A regional rebate is not a promise that large fortunes have no combined exposure.

The choice and limits must be checked for the taxpayer and tax year. AEAT — Andalusia transitional wealth-tax rebate, 2025.

That makes it harder to accidentally compare a regional headline with someone else’s final liability.

A top marginal rate is not the percentage applied to the whole portfolio.

• Likewise, “above EUR 3 million” is not enough to calculate solidarity tax: distinguish net wealth, exemptions, taxable base, the zero band and any personal allowance that applies.

Use AEAT’s calculation guidance with a professional, not a postcard-sized estimate. AEAT — solidarity-tax calculation and regional interaction.

What Article 93 changes—and what it does not

For qualifying taxpayers, wealth tax follows Spanish-situated exposure rather than ordinary worldwide exposure.

Asset situs is a legal classification, not simply the address of an app or broker.

Confirm the entry year, election, permitted route and continued conditions, then ask how each asset is treated for wealth tax, solidarity tax and reporting.

Do not assume every foreign wrapper, private company or pension is an “absolute shield”. AEAT — Article 93 conditions and income treatment.

It is equally important to model the year after the regime ends.

A home purchase or concentrated portfolio that looks manageable during the special period may require a different plan afterward.

Practical checklist

1. Document residence dates and the actual community where you live.
2. Confirm ordinary versus valid Article 93 status for each household member.
3. Build an asset/debt inventory with ownership and year-end valuation evidence.
4. Ask which pensions, business assets and home interests are exempt or specially valued.
5. Request regional wealth tax and national solidarity tax in the same calculation.
6. Ask whether a return is required even if the result is zero.
7. Budget for filing costs and the year after any special regime ends.

Keep the output dated and state the assessment year. An answer based on the 2025 manual should not silently become a final 2026 opinion.

When to hire an adviser

• Before signing a long lease or triggering Spanish residence, get tailored advice if you own foreign property, significant investments, trusts, a business or complex pension rights.

Ask for a written calculation with assumptions—not just “Madrid has a rebate”.

Your next step is to check Article 93 eligibility and election timing, then use the asset inventory to brief a Spanish cross-border tax professional.